
Episode #10
Basis's Matt Harpe: Why AI Won't Replace Accountants — It'll Make Them Richer
A crisis is happening in accounting that goes far beyond creative bookkeeping or lost receipts: we don't have enough people. Enough work exists for 30 million accountants to prepare tax returns and audits, restructure data and improve how companies organize. The U.S. has just 3 million, says Basis co-founder and CEO Matt Harpe. "The number is rapidly declining," he says. Founded in 2023 by Harpe and co-founder Mitchell Troyanovsky, Basis builds AI agents to help. Operating behind the scenes, Basis agents learn a firm's best practices and then automate much of the process, allowing its staffers to review more work for clients. Basis reached a $1.15 billion valuation in February 2026. Far from eliminating jobs, Harpe believes his startup will help those human accountants get paid more. "It will increase how valuable accountants are, because they will be able to accomplish so much more," he says. On the Upstarts Podcast, Harpe talks about why Basis shunned a chatbot approach to go all-in on agents from the start; why outcome-based pricing is preferable, but not easily achieved; and how he pitches top AI talent in New York on building in accounting, of all things. Plus, he shares his Upstart Moment: turning down short-term revenue by not charging for a product until their outcomes could match what they promised. Chapters: 00:00 Introduction 01:47 The basis for Basis 07:25 Why no one wants to be an accountant any more 14:37 CEO Matt Harpe's founder journey 19:46 "The home for applied AI talent in New York" 22:58 Winning over skeptical accountants as customers 28:41 A big bet on agents from the start 31:31 Outcome-based pricing and its challenges 35:52 Competing with the big AI labs like OpenAI 41:11 Making human accountants more valuable Matt's LinkedIn Basis For more, visit https://www.upstartsmedia.com/ Season 2 of the Upstarts Podcast is presented by Rippling Produced & edited by Eric Johnson from LightningPod






